Norges Bank Portfolio holdings
Norges Bank, established in 1816 and headquartered in Oslo, Norway, serves as the central bank of Norway, responsible for monetary policy, issuing the Norwegian krone, and maintaining financial stability. Beyond its traditional central banking role, it oversees the management of the Government Pension Fund Global (often called the Norwegian Oil Fund), one of the world’s largest sovereign wealth funds, valued at over $1 trillion, which invests Norway’s oil and gas revenues in global equities, bonds, and real estate. The fund’s investment arm, Norges Bank Investment Management (NBIM), operates independently to ensure long-term wealth preservation for future generations, emphasizing sustainable and ethical investing practices. With its dual role, Norges Bank uniquely blends central banking duties with stewardship of a massive global investment portfolio.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Deutsche Bank
DB
|
+$567M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$494M |
| 3 |
Equinix
EQIX
|
+$336M |
| 4 |
Charter Communications
CHTR
|
+$297M |
| 5 |
Apple
AAPL
|
+$227M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$559M |
| 2 |
Aflac
AFL
|
+$475M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$333M |
| 4 |
Aon
AON
|
+$261M |
| 5 |
Verizon
VZ
|
+$247M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.53% |
| 2 | Healthcare | 14.51% |
| 3 | Technology | 13.82% |
| 4 | Consumer Discretionary | 9.56% |
| 5 | Communication Services | 9.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1926
E.W. Scripps
SSP
$293M
| $3.67M | ﹤0.01% |
231,595
-50,000
| -18% | -$796K |
|
1927
Canadian Solar
CSIQ
$879M
| $3.6M | ﹤0.01% |
238,245
-298,651
| -56% | -$5.17M |
|
|
SHLD
1928
DELISTED
Sears Holding Corporation
SHLD
| $3.6M | ﹤0.01% |
+264,661
| New | +$3.74M |
|
1929
Altisource Portfolio Solutions
ASPS
$65.3M
| $3.47M | ﹤0.01% |
15,593
+6,250
| +67% | +$1.38M |
|
|
NVMI
1930
Nova
NVMI
$10.6B
| $3.47M | ﹤0.01% |
319,756
| – | – |
|
1931
Primoris Services
PRIM
$3.99B
| $3.46M | ﹤0.01% |
182,663
| – | – |
|
1932
National Healthcare
NHC
$3.57B
| $3.45M | ﹤0.01% |
53,293
-1,432
| -3% | -$90.9K |
|
1933
Stock Yards Bancorp
SYBT
$2.5B
| $3.44M | ﹤0.01% |
122,017
-1
| -0% | -$27 |
|
1934
Koppers
KOP
$870M
| $3.44M | ﹤0.01% |
111,919
+32,100
| +40% | +$831K |
|
|
INSY
1935
DELISTED
Insys Therapeutics, Inc.
INSY
| $3.42M | ﹤0.01% |
264,534
| – | – |
|
1936
Cerus
CERS
$514M
| $3.39M | ﹤0.01% |
543,135
| – | – |
|
|
NTK
1937
DELISTED
NORTEK INC COM NEW (DE)
NTK
| $3.37M | ﹤0.01% |
56,794
| – | – |
|
|
TAL
1938
DELISTED
TAL INTERNATIONAL GROUP, INC.
TAL
| $3.37M | ﹤0.01% |
251,164
| – | – |
|
|
CEMP
1939
DELISTED
Cempra, Inc.
CEMP
| $3.32M | ﹤0.01% |
201,063
| – | – |
|
|
GHL
1940
DELISTED
Greenhill & Co., Inc.
GHL
| $3.29M | ﹤0.01% |
204,365
-12,000
| -6% | -$238K |
|
|
MYCC
1941
DELISTED
ClubCorp Holdings, Inc.
MYCC
| $3.29M | ﹤0.01% |
252,993
-313,954
| -55% | -$3.99M |
|
|
UAM
1942
DELISTED
Universal American Corp
UAM
| $3.29M | ﹤0.01% |
433,525
-30,000
| -6% | -$233K |
|
|
WIN
1943
DELISTED
Windstream Holdings Inc
WIN
| $3.28M | ﹤0.01% |
70,824
+64,339
| +992% | +$2.74M |
|
1944
Tejon Ranch
TRC
$431M
| $3.26M | ﹤0.01% |
142,196
| – | – |
|
1945
Arrow Financial
AROW
$721M
| $3.25M | ﹤0.01% |
136,097
-886
| -0.6% | -$19.9K |
|
|
SREV
1946
DELISTED
ServiceSource International, Inc.
SREV
| $3.25M | ﹤0.01% |
805,862
| – | – |
|
|
AAWW
1947
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $3.2M | ﹤0.01% |
77,310
-155,761
| -67% | -$6.61M |
|
1948
AeroVironment
AVAV
$7.8B
| $3.2M | ﹤0.01% |
114,989
-32,095
| -22% | -$929K |
|
|
BBOX
1949
DELISTED
Black Box Corp
BBOX
| $3.19M | ﹤0.01% |
243,620
-1,775
| -0.7% | -$23.5K |
|
1950
Sony
SONY
$143B
| $3.16M | ﹤0.01% |
538,250
| – | – |
|
Similar funds
Norges Bank's Q2 2016 Portfolio in Review
As of Q2 2016, Norges Bank held 2,246 positions worth $210B, up 3.5% from $203B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Norges Bank's Q2 2016 filing shows 58 new, 1,025 increased, 662 reduced and 72 closed positions. Its largest new stake was Deutsche Bank: 37,741,953 shares worth $461M. The largest sale was TIME WARNER CABLE INC NEW COM STK, an estimated $559M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 18% a quarter earlier, followed by Healthcare and Technology.
- Norges Bank's largest Q2 2016 buy was Deutsche Bank: 37,741,953 shares worth $461M.
- Norges Bank added most to Alphabet (Google) Class A in Q2 2016, an estimated $494M increase.
- Norges Bank's biggest Q2 2016 reduction was Aflac, cutting an estimated $475M.
- Norges Bank fully exited TIME WARNER CABLE INC NEW COM STK in Q2 2016, selling an estimated $559M.
- Norges Bank's ten largest holdings make up 14% of its $210B portfolio in Q2 2016.
- Norges Bank opened 58 new positions and closed 72 in Q2 2016.
- Norges Bank's portfolio value rose 3.5% quarter-over-quarter to $210B.
Based on Norges Bank's 13F filing for Q2 2016, filed 12 Aug 2016.